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Chapter 3: The Rise of Techno-Populism
In September 2008 the capitalist world came close to tumbling down. It witnessed the largest economic crash since the Great Depression nearly a century beforehand. As august banking institutions such as Lehman Brothers fell in the space of days, the spectre of mass unemployment and material scarcity seized the popular imagination. Amidst these profound worries was nevertheless a perverse hope. After decades of being told that ‘There is no alternative’ to the free market, suddenly everyone was acknowledging the need for something new. Even the staunchest capitalist supporter seemed quickly to sing a new tune and recognise that indeed the times were a-changing.
The financial crisis represented something far greater than merely an unexpected economic downturn. It was a ...